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Cali. warns insurers about denying claims too quickly following winter storms

“Based upon the Insurance Code provision and established case law described above, insurance companies should not deny these claims before undertaking a diligent investigation regarding the cause of loss and carefully considering the facts,” California Insurance Commissioner Ricardo Lara wrote in a...

Will homeowners insurance cover damage caused by weather?

Punishing winter weather has triggered flooding and mudslides across the greater Bay Area the past week, prompting evacuation orders and damaging homes. But some homeowners trying to file insurance claims in the wake of the storms might be surprised to find they’re not...

Achieving economic equilibrium in the property insurance marketplace – InsuranceNewsNet

Even though we provided the insurance industry with $1 billion, I would like for us to consider providing funds that are tied to a temporary property insurance rate freeze or reduction so that consumers can have immediate relief. The Florida Legislature passed a bill...

Homeowners insurance market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation

NEW YORK, Jan. 4, 2023 /PRNewswire/ -- According to Technavio, the global homeowners insurance market size is estimated to grow by USD 57.01 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.18% during the forecast period....

Homeowners insurance market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation

NEW YORK, Jan. 4, 2023 /PRNewswire/ -- According to Technavio, the global homeowners insurance market size is estimated to grow by USD 57.01 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.18% during the forecast period....